Asset Pricing and Finance¶

Lectures¶

• Asset Pricing II: The Lucas Asset Pricing Model
  • Overview
  • The Lucas Model
  • Exercises
  • Solutions
• Two Modifications of Mean-Variance Portfolio Theory
  • Overview
  • Appendix
• Irrelevance of Capital Structures with Complete Markets
  • Introduction
  • Competitive equilibrium
  • Code
• Equilibrium Capital Structures with Incomplete Markets
  • Introduction
  • Asset Markets
  • Equilibrium verification
  • Pseudo Code
  • Code
  • Examples
  • A picture worth a thousand words